Stripe Nets $70 Million in New Funding
Dec. 4, 2014
Silicon Valley-based online payment provider Stripe confirmed it has raised a new round of funding totaling $70 million. The investment, led by Thrive Capital with participation by existing backers Sequoia Capital, Founders Fund, Khosla Ventures and General Catalyst Partners, brings Stripe’s total funding to about $200 million and a valuation of $3.57 billion.
The new round of funding comes after a busy summer and fall in which Stripe partnered with three of Silicon Valley’s most famous tech companies: Facebook, Twitter and Apple . Stripe is powering the new “Buy” buttons for the social media companies and is processing in-app payments for Apple’s new mobile payment service, Apple Pay.